Vishay Precision Group (NYSE:VPG) Hits New 12-Month High – Should You Buy?

Vishay Precision Group, Inc. (NYSE:VPG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $121.37 and last traded at $120.80, with a volume of 287968 shares trading hands. The stock had previously closed at $113.76.

Analyst Ratings Changes

A number of brokerages recently weighed in on VPG. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Lake Street Capital boosted their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings upgraded shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial raised their price objective on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $83.67.

Vishay Precision Group Price Performance

The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06. The stock has a 50-day simple moving average of $60.78 and a 200 day simple moving average of $48.15. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 275.10, a price-to-earnings-growth ratio of 5.83 and a beta of 1.13.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The business had revenue of $84.35 million during the quarter, compared to analysts’ expectations of $77.08 million. On average, equities research analysts forecast that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Segall Bryant & Hamill LLC increased its stake in shares of Vishay Precision Group by 50.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 226,625 shares of the scientific and technical instruments company’s stock worth $9,840,000 after purchasing an additional 76,119 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Vishay Precision Group by 0.9% during the 1st quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company’s stock worth $1,601,000 after acquiring an additional 314 shares in the last quarter. Corsair Capital Management L.P. increased its holdings in shares of Vishay Precision Group by 24.0% during the 1st quarter. Corsair Capital Management L.P. now owns 31,002 shares of the scientific and technical instruments company’s stock valued at $1,346,000 after acquiring an additional 6,000 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Vishay Precision Group by 71.3% during the 1st quarter. Sei Investments Co. now owns 167,086 shares of the scientific and technical instruments company’s stock valued at $7,255,000 after acquiring an additional 69,573 shares during the last quarter. Finally, Group One Trading LLC bought a new position in shares of Vishay Precision Group in the 1st quarter valued at approximately $161,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.